Europe Fertilizer Industry Expands registering a CAGR of 7.3% during 2021-2027:
Global presence, knowledge, and crop solutions make manufacturers well-positioned to expand their collaboration with the food industry, acting as driving forces within the industry. In addition, consumers are increasingly willing to pay for quality and sustainability, which helps to achieve better crop nutrition, application knowledge, and tools, further pushing the demand for fertilizers in Europe.
Remarkably, recycling and reuse of materials coupled with reduced waste and pollution are core ideas in trend running in the industrial realms. Government assistance related to growing awareness about the positive impact of using organic fertilizers on human health and soil quality has been driving the growth of the European fertilizer industry. Moreover, strict regulations on leveraging synthetic fertilizers are creating lucrative growth avenues for market players.
Nitrogen Accounts for Significant Share of Total Fertilizer Market in Europe:
Overall, the European fertilizer market comprises three primary nutrients: Nitrogen, Phosphate, and Potash, which all have paramount and complementary roles in the ecological processes of plants. As per our analysis, nitrogen is a vital nutrient, accounting for a significant share of the total fertilizer market. The production of nitrogen mineral fertilizers is based on a technology invented approximately 100 years.
Nevertheless, the phosphate and potassium fertilizer capacities market is mainly expanding within the EU. The industry for phosphate and potassium is expected to make considerable improvements in energy efficiency by its production. Numerous companies are at a point where any future investment in current technology will result in marginal efficiency improvements of the fertilizers mentioned above.
COVID-19 Impact on European Fertilizers Market Growth Trends:
The COVID-19 impact on the fertilizer market in Europe has been minimal, owing to the priority status of the commodities. Thus, supply chain disruptions due to trade restrictions have severely affected the supply of fertilizers to the European market. But, in 2021 vaccine rollout at a good pace and low third wave impact, along with the limited effect of supply chain disruptions during the pandemic scenario, assisted the market expansion throughout the pandemic occurrence. According to the publisher Analysis, Europe Fertilizer Market Size will reach US$ 5.5 Billion by 2021.
Key Market Players of the European Fertilizers Industry:
The European fertilizers market is fragmented with the top international players like Yara International ASA, Eurochem, Achema, OCI N.V, Petrokemua DD Fertilizer Factory, Nitroenmuvek Zrt., ICl Specialty Fertilisers, Grupa Azoty Group, Fertberia, BASF SE, and The Mosaic Company capturing the overall market. Key companies in the European fertilizer industry have dedicated partnerships to increase yield and farmer income and achieve a carbon-positive future. Moreover, digital agriculture is developing rapidly, with several multinationals and start-ups making significant investments into digital platforms.
This research report titled “Europe Fertilizer Market, by Segment (Nitrogen, Potassium & Phosphate) Type (Nitrate, Urea, UAN, Compound fertilizer & Others), Crop (Wheat, Coarse, Oil Seeds, Potatoes, Sugar Beet, Perm Crop, Fodder Crop, Fertilizer grassland, Others arable) Country (France, Germany, United Kingdom, Spain, Italy, Others) Company (Yara International ASA, Eurochem, Achema, OCI N.V, Petrokemua DD Fertilizer Factory, Nitroenmuvek Zrt., ICL Specialty Fertilisers, Grupa Azoty Group, Fertberia, BASF SE, and The Mosaic Company)” provides a detailed analysis of Europe Fertilizer Industry.
Segments - Europe Fertilizer Market & Volume have been covered from 3 viewpoints:
- Nitrogen
- Phosphate
- Potash
Type - Nitrogen Fertilizer Market & Volume have been covered from 5 viewpoints:
- Nitrates
- Urea
- UAN (Liquid Urea Ammonium Nitrate)
- Compound fertilizer
- Others
Crop - Europe Fertilizer Volume have been covered from 9 viewpoints:
- Wheat
- Coorse
- Oilseeds
- Potatoes
- Sugar Beet
- Others Arable
- Perm Crops
- Fodder Crops
- Fertilizer Grassland
Geography - Europe Fertilizer Volume have been covered from 6 viewpoints:
- France
- Germany
- United Kingdom
- Spain
- Italy
- Others
Company Insights:
- Overview
- Recent Development
- Revenue
Company Analysis:
- Yara International ASA
- Eurochem
- Achema
- OCI N.V
- Petrokemua DD Fertilizer Factory
- Nitroenmuvek Zrt
- ICL Specialty Fertilisers
- Groupa Azoty Group
- Fertberia
- BASF SE
- The Mosaic Company
What is the estimated value of the European Fertilizer Market?
What is the growth rate of the European Fertilizer Market?
What is the forecasted size of the European Fertilizer Market?
Who are the key companies in the European Fertilizer Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 210 |
| Published | February 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 5.5 Billion |
| Forecasted Market Value ( USD | $ 8.4 Billion |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 11 |
Table of Contents
Companies Mentioned
- Yara International ASA
- Eurochem
- Achema
- OCI N.V
- Petrokemua DD Fertilizer Factory
- Nitroenmuvek Zrt
- ICL Specialty Fertilisers
- Groupa Azoty Group
- Fertberia
- BASF SE
- The Mosaic Company
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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